The table below shows the population of Colonial America for each decade from 1610 to 1780. These figures are estimates, because this period was prior to the establishment of the U.S. Census in 1790.Population of Colonial AmericaYearPopulation161035016202,30016304,600164026,600165050,400166075,1001670111,9001680151,5001690210,4001700250,9001710331,7001720466,2001730629,4001740905,60017501,170,80017601,593,60017702,148,10017802,780,400(a) Find the average annual rate of change in the population of the Colonies from 1620 to 1720.people per year

Step 1:The formula for the average annual rate of change is:Average annual rate of change = Change…

Answered: The table below shows the population of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A. It is known that the population of a community in 1995 was 230,000 people. The population continues to grow at an increasing rate for 5 years. In 2000 the population reached 300,000 people. The population continues to increase but the rate decreases until in 2007 the number reached 350,000 people. After that, the rate continued to decline for 3 years with a population of 320,000. The rate then rises again and the population reaches 280,000 in the long run.Represent this information in graphic form. B. Arteriosclerosis begins in childhood when plaque (a soft mass of fatty material) forms on the walls of arteries, blocking the flow of blood through the arteries. This can lead to heart attacks, strokes, and gangrene. If it is assumed that the aorta is cut in a cross section as shown in the figure, and has a radius of a cm in year t. Plaque thickness is assumed to be h = g(t). The open area is given by A = (a – h)^2 cm^2. What is the rate at which the area is decreasing due to plaque…
Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor: Total population 24,512,311 Military personnel 98,539 People below 16 years of age 4,240,102 People in elderly care centers 1,232,130 People who didn't look for job in last 4 weeks 831,304 House wives whose sole activity is home-making 3,424,204 Volunteers 313,200 Self-employed people 3,423,042 People who are jobless, actively looking for a job, and available for work 2,234,100 Calculate the unemployment rate and the labor force of New Zombie. Show your calculation. (See next page for the formula and directions for this problem). Page Break To calculate the unemployment rate you have to use the formula: Unemployment rate = # of unemployed ÷ labor force × 100% The BLS is the…
Level of Education Number of Economically Active People (in millions) Number of Unemployed People (in millions) Master's degree 25.1 1.1 Bachelor's degree 57.6 3.4 Associate degree 23.8 1.9 Some college 52.4 5.2 High school diploma 59.6 6.4 Less than high school diploma 21.5 3.5 Determine the unemployment rates for all levels of education. Enter the answer for the category with the highest unemployment rate in the box below and round to one decimal place if necessary.
Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor: Total population 24,512,311 Military personnel 98,539 People below 16 years of age 4,240,102 People in elderly care centers 1,232,130 People who didn't look for job in last 4 weeks 831,304 House wives whose sole activity is home-making 3,424,204 Volunteers 313,200 Self-employed people 3,423,042 People who are jobless, actively looking for a job, and available for work 2,234,100 Calculate the unemployment rate and the labor force of New Zombie. Show your calculation. (See next page for the formula and directions for this problem). To calculate the unemployment rate, you have to use the formula: Unemployment rate = # of unemployed ÷ labor force × 100% Labor Force is calculated using the formula…
The following is the gender distribution obtained from the class rosters for all sections of a statistics course. Female = 1, Male = 0 0 1 1 0 1 0 0 1 1 1 0 0 0 1 0 0 0 0 1 0 1 0 0 1 1 1 0 0 1 0 1 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 1 1 1 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 1 0 0 1 0 0 0 0 1 1 1 0 0 1 0 1 0 0 1 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 0 0 0 0 1 1 0 0 1 0 1 1 1 0 1 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25 How many students are enrolled in this class? a 180 b 184 c 188 d 192
Statistics Denmark monitors the development of economic variables and measures e.g. productivity development.In general, it is one of the laws of economics that employee productivity determines the ability of employers to pay employees wages. The higher the productivity (per capita output), the higher the wages that can be paid. In a recession, such as Covid, companies are generally reducing their use of labor. The latest statistics show the following: In the third quarter of 2020, labor productivity growth in Denmark was 2%. This increase alone does not say much, but is considered to be able to reflect an increase in productivity following a contraction in labor input. a. Show the relationship between production and labor use in the short term and at the same time explain with a picture what can cause the growth of productivity. b. What is happening to marginal production at the same time? c. Show how wages develop if companies keep marginal costs fixed in the above circumstances…
The following is data on income (IDR 1,000) and the Consumer Price Index (CPI) with the base year 2014 Question: - Before working on the questions below, please change the base year to 2015 - Find the actual income each year with the 2015 base year - Determine the purchasing power of the currency for 2015 to 2019
Suppose that before the end of the year a typical consumer purchased 125 apples, 60 bananas, and 85 oranges. Year 1 Year 2 Price of apple Price of banana 0.75 $ 0.90 0.20 0.45 Price of orange 24 0.25 $ 0.60 What is the price index for year 2, using year 1 as the base year (round to the nearest full number)?
The CPI for the year 2005 was 110 and the Nominal GDP for that year was $ 67,500 million. Determine the Real GDP for that year. The base year is 2002.
Question 3 The table below gives some labor statistics (from the Bureau of Labor Statistics) for years 1995, 2000 and 2005. Use these data to answer the following questions. Express your answers in percentage terms to two places past the decimal. Variable 1995 2000 2005 Population 26,000,000 27,000,000 28,000,000 Adult population 18,000,000 19,000,000 20,500,000 Adult population able to work 17,900,000 18,800,000 20,000,000 Adult population able and wanting to work 15,700,000 16,500,000 18,000,000 Number employed 14,000,000 14,500,000 15,000,000 Number unemployed 1,000,000 1,500,000 2,500,000 a. Define labor force. For each year find the labor force b. Define the labor-force participation rate. Calculate it for each year c. Calculate the unemployment rate for each year.
Define the term Volume Index?
The total price of purchasing a basket of goods in the United States over four years is: year 1=$940, year 2=$970, year 3=$1000, and year 4=$1070. Using year 2 as the base year, calculate the value of the price index in year 4.

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